Creating peace of mind through honest and committed management.

[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

May 7, 2013
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Ichigo REIT Portfolio Occupancy (Flash Data) – April 2013
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) hereby announces its portfolio
occupancy as of the end of April 2013:

End of Mar 2013
(Final: A)

End of Apr 2013
(Flash: B)

Difference(B-A)

95.3%

95.4%

+0.1%

Office (O)

94.3%

94.9%

+0.6%

Residence (R)

98.9%

98.2%

-0.7%

Other (Z)

95.7%

94.6%

-1.1%

95.0%

95.4%

+0.4%

95.4%

95.1%

-0.3%

100.0%

99.5%

-0.5%

91.9%

92.5%

+0.6%

66
494
156,453.24 m2
149,112.32 m2

66
492
156,500 m2
149,300 m2－-2Total
By AssetTypeCentral TokyoTokyo
Metropolitan Area
By Area
Four Major
Regional Cities
Other RegionalCities
No. of Properties
No. of Tenants
Leasable Area
Leased Area

(Note 1) The above figures have not been audited.
(Note 2) Leasable Area is the total space of the individual properties that is available to be leased
and is subject to minor adjustments due to refurbishing or individual rental contract terms.
(Note 3) “Central Tokyo” refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa
Wards. “Tokyo Metropolitan Area” refers to Tokyo (excluding the six wards above),
Kanagawa, Chiba, and Saitama Prefectures. “Four Major Regional Cities” refers to Osaka,Nagoya, Fukuoka, and Sapporo.
(Note 4) Leasable Area and Leased Area are rounded down to the nearest hundred.
1

Explanation of Changes
New tenant leases at COI Kudan 3 Chome Building, COI Nishisando Building, TK Kichijoji
Building, and Akita Sanno 21 Building increased occupancy for Office, Central Tokyo, andOther Regional Cities.
Tenant terminations at Daimyo Balcony and Burc Omori decreased occupancy for Other, Tokyo
Metropolitan Area, and Four Major Regional Cities.
Leasing and Value Enhancement Activities
Ichigo REIT works to deliver high occupancy levels in its Residence assets in order to securestable profitability for our shareholders. Ichigo REIT’s Residence occupancy was above 98%
for both March and April 2013, and we are trialing the following value enhancements in order tofurther increase tenant satisfaction and further differentiate Ichigo Residence assets fromcompetitor offerings.
· Smart meters for tenants to monitor and reduce their electricity use· Delivery boxes· Tenant-level security systems to provide a higher level of home security· Support for tenants to customize their living spaces to match their individual tastes and needs· High-grade wash basins and water purifiers· Pre-installed lighting and washing machines to lower tenant move-in costs
After evaluating the results, Ichigo REIT will decide whether to pursue these enhancements
across its Ichigo Residence portfolio.

Website of Ichigo REIT: www.ichigo-reit.co.jp/english2